Friday , December 26, 2025 |   16:27:29 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
DTAA - Assessee cannot avail benefit under India-Cyprus DTAA, where Assessee is not found to be beneficial owner of income in question: ITAT (See Breaking News) I-T - CIT(A) must provide proper & adequate opportunity of hearing to assessee, who shall substantiate its case with all relevant paper books and documents without delay: ITAT (See Breaking News) I-T - Taxpayer has right to rely on treaty provisions and question of touching brought forward capital losses does not arise in subsequent AYs once eligibility to carry these losses forward was determined in year they were suffered: ITAT (See Breaking News) TP - Mere failure to satisfy need/purpose/benefit/rendition test alone is no basis to disallow intra group services between AEs: ITAT (See Breaking News) Treaty-shopping: Nepal ejects Mauritius out of its cart (See TII Edit) TP - Resale price method is most appropriate for benchmarking international transaction in its distribution segment: ITAT (See Breaking News) TP - CIT(A) ought not to have restored matter back to AO under mistaken view that it was ex-parte order: ITAT (See Breaking News) I-T - 'Test of imparting' is touchstone if foreign entity continues to use its own industrial and commercial experience to render services, and essence of royalty lies in alienation, not in application: ITAT (See Breaking News) I-T - Reimbursements of expenses made on cost to cost basis, i.e. without any markup, cannot be treated as FIS, in absence of make available clause: ITAT (See Breaking News) I-T - No attribution of profit can be made to PE when there is no existence of PE at all: ITAT (See Breaking News) I-T - Payments made for providing standard facility for data processing without any human intervention, is not taxable in India as FTS in terms of Sec 9(1)(vii): ITAT (See Breaking News) I-T - Receipts from distribution activity is not royalty in absence of dependent agent PE: ITAT (See Breaking News) TP - If there was no value addition, and assessee only sought reimbursement of expenses on cost to cost basis, no ALP adjustment is permitted on account of same: ITAT (See Breaking News) DTAA - Concepts like virtual PE or Significant Economic Presence, while reflecting evolving international taxation trends, cannot be judicially read into a DTAA, absent express amendment: HC (See Breaking News) DTAA - OECD materials and practices of other jurisdictions are not relevant against clear language in relevant DTAA: HC (See Breaking News) I-T - Mismatches in limbs of provisions of section 271(1)(c) renders levy of penalty invalid: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

EIF delves deep into trade priorities for LDCs
By TII News Service
May 05, 2021 , Geneva

    

THE Enhanced Integrated Framework (EIF) on Tuesday released policy briefs on tourism, apparel and sustainable development strategies, recommending actions to boost the participation of Least Developed Countries (LDCs) in global trade. A major focus is on the impact of the COVID-19 crisis and governments' policy responses.

Using case studies from various countries, including Cambodia, Madagascar, Lesotho and Zambia, as models, the briefs offer an overview of critical trade topics and recommend measures that LDCs could take at both the policy and institutional levels to improve trading opportunities.

A brief looks at integrating trade into sustainable development strategies using Cambodia as an example of reducing poverty and achieving its development objectives. International trade and investment have played a major role in the country sustaining an average growth rate of 7.9 per cent from 1997-2017. The country saw success mainstreaming trade by strategically directing the process, investing in its human capacity and fostering stakeholder dialogues and consultations across government institutions.

The goal of integrating trade in a country’s development planning is to improve livelihoods. But there also needs to be evidence that international trade is contributing to doing so – something that needs to be part of the work of trade mainstreaming, the brief notes.

The second brief looks at LDCs who have seen success using tourism to support recovery from the COVID-19 pandemic. The tourism sectors must be rebuilt with sustainability in mind, says the brief. Community and nature-based tourism look promising in that respect. The Sierra Leone government has been aiming to capitalise on the country’s natural and cultural resources to attract tourists and promote community development.

A sustainable tourism development project that started in 2020, coordinated by EIF with Sierra Leone’s National Tourism Board and Tourism Ministry, is tackling key constraints and working to increase the nation’s presence as an attractive tourism destination on the international market.

The third brief looks at strengthening value chains in the clothing sector for LDCs aiming for export-oriented industrialisation as the global fashion industry recovers and evolves from the pandemic. Government support and a conducive policy environment are necessary, as are enabling investment frameworks. Strengthened relationships between buyers and suppliers help build resilience, and this includes greater transparency in the supply chain so as to reduce power imbalances.

Finally, social and environmental industry standards should take centrestage in the recovery, to ensure garment factory workers earn a living wage and have workplace protections in place.

The briefs draw from LDC governments, EIF and partner experience working to support trade across a vast landscape. Armed with examples and evidence of what has worked and what has not, together with strong support from international institutions, it comes up with a variety of short- to long-term actions which makes trade development in LDCs possible.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.